Khoon Goh of ANZ Research said rupee is falling basically due to dollar strength and could depreciate another 2-4 percent.
Emerging markets (EMs) currencies are seeing weakness due to the strengthening dollar index, says Qi Gao of Scotiabank.
Paul Mackel, Managing Director-Head Of Asian Currency Research, HSBC expects to rupee to be around 69/USD by year-end and at similar levels by end of FY17.